The Beginning Of The End
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The Mystery Of The Shemitah

Rotting, Decaying And Bankrupt – If You Want To See The Future Of America Just Look At Detroit

The Future Of The United States - Photo by Albert DuceEventually the money runs out.  Much of America was shocked when the city of Detroit defaulted on a $39.7 million debt payment and announced that it was suspending payments on $2.5 billion of unsecured debt, but those who visit my site on a regular basis were probably not too surprised.  Anyone with half a brain and a calculator could see this coming from a mile away.  But people kept foolishly lending money to the city of Detroit, and now many of them are going to get hit really hard.  Detroit Emergency Manager Kevyn Orr has submitted a proposal that would pay unsecured creditors about 10 cents on the dollar.  Similar haircuts would be made to underfunded pension and health benefits for retirees.  Orr is hoping that the creditors and the unions that he will be negotiating with will accept this package, but he concedes that there is still a "50-50 chance" that the city of Detroit will be forced to formally file for bankruptcy.  But what Detroit is facing is not really that unique.  In fact, Detroit is a perfect example of what the future of America is going to look like.  We live in a nation that is rotting, decaying, drowning in debt and racing toward insolvency.  Already there are dozens of other cities across the nation that are poverty-ridden, crime-infested hellholes just like Detroit is, and hundreds of other communities are rapidly heading in that direction.  So don't look down on Detroit.  They just got there before the rest of us.

The following are some facts about Detroit that are absolutely mind-blowing...

1 - Detroit was once the fourth-largest city in the United States, and in 1960 Detroit had the highest per-capita income in the entire nation.

2 - Over the past 60 years, the population of Detroit has fallen by 63 percent.

3 - At this point, approximately 40 percent of all the streetlights in the city don't work.

4 - Some ambulances in the city of Detroit have been used for so long that they have more than 250,000 miles on them.

5 - 210 of the 317 public parks in the city of Detroit have been permanently closed down.

6 - According to the New York Times, there are now approximately 70,000 abandoned buildings in Detroit.

7 - Approximately one-third of Detroit's 140 square miles is either vacant or derelict.

8 - Less than half of the residents of Detroit over the age of 16 are working at this point.

9 - If you can believe it, 60 percent of all children in the city of Detroit are living in poverty.

10 - According to one very shocking report, 47 percent of the residents of Detroit are functionally illiterate.

11 - Today, police solve less than 10 percent of the crimes that are committed in Detroit.

12 - Ten years ago, there were approximately 5,000 police officers in the city of Detroit.  Today, there are only about 2,500 and another 100 are scheduled to be eliminated from the force soon.

13 - Due to budget cutbacks, most police stations in Detroit are now closed to the public for 16 hours a day.

14 - The murder rate in Detroit is 11 times higher than it is in New York City.

15 - Crime has gotten so bad in Detroit that even the police are telling people to "enter Detroit at your own risk".

16 - Right now, the city of Detroit is facing $20 billion in debt and unfunded liabilities.  That breaks down to more than $25,000 per resident.

As Detroit Emergency Manager Kevyn Orr noted last week, it took a very long time for Detroit to get into this condition...

“What the average Detroiter needs to understand is that where we are right now is a culmination of years and years and years of kicking the can down the road,” said Orr, adding that his proposal should not be seen as a “hostile act” but as a step in the right direction.

Does that sound familiar?

It should.

U.S. politicians have also been kicking the can down the road for "years and years and years".

But eventually you can't kick the can down the road anymore.

Sometimes it is helpful to step back and look at what we have done to ourselves over the past several decades.

For example, back in 1980 the U.S. national debt was less than one trillion dollars.  Today, it is rapidly approaching 17 trillion dollars.

And our debt binge has greatly accelerated under Barack Obama.

During Barack Obama's first term, the federal government accumulated more debt than it did under the first 42 U.S presidents combined.

Isn't that insane?

In fact, if you started paying off just the new debt that the U.S. has accumulated during the Obama administration at the rate of one dollar per second, it would take more than 184,000 years to pay it off.

The following are a lot more facts about our exploding national debt from one of my previous articles entitled "55 Facts About The Debt And U.S. Government Finances That Every American Voter Should Know"...

#1 While Barack Obama has been president, the U.S. government has spent about 11 dollars for every 7 dollars of revenue that it has actually brought in.

#2 During the fiscal year that just ended, the U.S. government took in 2.449 trillion dollars but it spent 3.538 trillion dollars.

#3 During fiscal year 2011, over a trillion dollars of government money was spent on 83 different welfare programs, and those numbers do not even include Social Security or Medicare.

#4 Over the past four years, welfare spending has increased by 32 percent.  In inflation-adjusted dollars, spending on those programs has risen by 378 percent over the past 30 years.  At this point, more than 100 million Americans are enrolled in at least one welfare program run by the federal government.  Once again, these figures do not even include Social Security or Medicare.

#5 Over the past year, the number of Americans getting a free cell phone from the federal government has grown by 43 percent.  Now more than 16 million Americans are enjoying what has come to be known as an "Obamaphone".

#6 When Barack Obama first entered the White House, about 32 million Americans were on food stamps.  Now, 47 million Americans are on food stamps.  And this has happened during what Obama refers to as "an economic recovery".

#7 The U.S. government recently spent 27 million dollars on pottery classes in Morocco.

#8 The U.S. Department of Agriculture recently spent $300,000 to encourage Americans to eat caviar at a time when more families than ever are having a really hard time just trying to put any food on the table at all.

#9 During 2012, the National Science Foundation spent $516,000 to support the creation of a video game called "Prom Week", which apparently simulates "all the social interactions of the event."

#10 The U.S. Department of Agriculture gave the largest snack food maker in the world (PepsiCo Inc.) a total of 1.3 million dollars in corporate welfare that was used to help build "a Greek yogurt factory in New York."

#11 The National Science Foundation recently gave researchers at Purdue University $350,000.  They used part of that money to help fund a study that discovered that if golfers imagine that a hole is bigger it will help them with their putting.

#12 If you can believe it, $10,000 from the federal government was actually used to purchase talking urinal cakes up in Michigan.

#13 The National Science Foundation recently gave a whopping $697,177 to a New York City-based theater company to produce a musical about climate change.

#14 The National Institutes of Health recently gave $666,905 to a group of researchers that is studying the benefits of watching reruns on television.

#15 The National Science Foundation has given 1.2 million dollars to a team of "scientists" that is spending part of that money on a study that is seeking to determine whether elderly Americans would benefit from playing World of Warcraft or not.

#16 The National Institutes of Health recently gave $548,731 to a team of researchers that concluded that those that drink heavily in their thirties also tend to feel more immature.

#17 The National Science Foundation recently spent $30,000 on a study to determine if "gaydar" actually exists.  This is the conclusion that the researchers reached at the end of the study...

"Gaydar is indeed real and… its accuracy is driven by sensitivity to individual facial features"

#18 Back in 2011, the National Institutes of Health spent $592,527 on a study that sought to figure out once and for all why chimpanzees throw poop.

#19 The U.S. government spends more on the military than China, Russia, Japan, India, and the rest of NATO combined.  In fact, the United States accounts for 41.0% of all military spending on the planet.  China is next with only 8.2%.

#20 In a previous article, I noted that close to 500,000 federal employees now make at least $100,000 a year.

#21 In 2006, only 12 percent of all federal workers made $100,000 or more per year.  Now, approximately 22 percent of all federal workers do.

#22 If you can believe it, there are 77,000 federal workers that make more than the governors of their own states do.

#23 During 2010, the average federal employee in the Washington D.C. area received total compensation worth more than $126,000.

#24 The U.S. Department of Defense had just nine civilians earning $170,000 or more back in 2005.  When Barack Obama became president, the U.S. Department of Defense had 214 civilians earning $170,000 or more.  By June 2010, the U.S. Department of Defense had 994 civilians earning $170,000 or more.

#25 During 2010, compensation for federal employees came to a grand total of approximately 447 billion dollars.

#26 If you can believe it, close to 15,000 retired federal employees are currently collecting federal pensions for life worth at least $100,000 annually.  That list includes such names as Newt Gingrich, Bob Dole, Trent Lott, Dick Gephardt and Dick Cheney.

#27 During 2010, the federal government spent $33,387 on the hair care needs of U.S. Senators.

#28 During 2010, U.S. Senators pulled $72,370 out of the "Senate Restaurant Fund".

#29 During 2010, an average of $4,005,900 of U.S. taxpayer money was spent on "personal" and "office" expenses per Senator.

#30 In 2013, 3.7 million dollars will be spent to support the lavish lifestyles of former presidents such as George W. Bush and Bill Clinton.

#31 During 2011, the federal government spent a total of 1.4 BILLION dollars just on the Obamas.

#32 When you combine all federal government spending, all state government spending and all local government spending, it comes to approximately 41 percent of U.S. GDP.  But don't worry, all of our politicians insist that this is not socialism.

#33 As I have written about previously, less than 30 percent of all Americans lived in a home where at least one person received financial assistance from the federal government back in 1983.  Today, that number is sitting at an all-time high of 49 percent.

#34 Back in 1990, the federal government accounted for just 32 percent of all health care spending in America.  This year, it is being projected that the federal government will account for more than 50 percent of all health care spending in the United States.

#35 The number of Americans on Medicaid soared from 34 million in 2000 to 54 million in 2011, and it is being projected that Obamacare will add 16 million more Americans to the Medicaid rolls.

#36 In one of my previous articles, I discussed how it is being projected that the number of Americans on Medicare will grow from 50.7 million in 2012 to 73.2 million in 2025.

#37 If you can believe it, Medicare is facing unfunded liabilities of more than 38 trillion dollars over the next 75 years.  That comes to approximately $328,404 for each and every household in the United States.

#38 In the United States today, more than 61 million Americans receive some form of Social Security benefits.  By 2035, that number is projected to soar to a whopping 91 million.

#39 Overall, the Social Security system is facing a 134 trillion dollar shortfall over the next 75 years.

#40 When Barack Obama first took office, the U.S. national debt was about 10.6 trillion dollars.  Now it is about 16.7 trillion dollars.  That is an increase of 6.1 trillion dollars in a little more than 4 years.

#41 The federal government has now run a budget deficit of more than a trillion dollars for four years in a row.

#42 If right this moment you went out and started spending one dollar every single second, it would take you more than 31,000 years to spend one trillion dollars.

#43 If you were alive when Jesus Christ was born and you spent one million dollars every single day since that point, you still would not have spent one trillion dollars by now.

#44 Some suggest that "taxing the rich" is the answer.  Well, if Bill Gates gave every single penny of his entire fortune to the U.S. government, it would only cover the U.S. budget deficit for 15 days.

#45 If the federal government used GAAP accounting standards like publicly traded corporations do, the real federal budget deficit for 2011 would have been 5 trillion dollars instead of 1.3 trillion dollars.

#46 The United States already has more government debt per capita than Greece, Portugal, Italy, Ireland or Spain does.

#47 At this point, the United States government is responsible for more than a third of all the government debt in the entire world.

#48 The amount of U.S. government debt held by foreigners is about 5 times larger than it was just a decade ago.

#49 Between 2007 and 2010, U.S. GDP grew by only 4.26%, but the U.S. national debt soared by 61% during that same time period.

#50 The U.S. national debt is now more than 37 times larger than it was when Richard Nixon took us off the gold standard.

#51 The U.S. national debt is now more than 5000 times larger than it was when the Federal Reserve was first created.

#52 The U.S. national debt jumped more on the very first day of fiscal year 2013 than it did from 1776 to 1941 combined.

#53 Historically, the interest rate on 10 year U.S. Treasuries has averaged 6.68 percent.  If the average interest rate on U.S. government debt rose to that level today, the U.S. government would find itself spending more than a trillion dollars per year just on interest on the national debt.

#54 A recently revised IMF policy paper entitled “An Analysis of U.S. Fiscal and Generational Imbalances: Who Will Pay and How?” projects that U.S. government debt will rise to about 400 percent of GDP by the year 2050.

#55 Boston University economist Laurence Kotlikoff is warning that the U.S. government is facing a gigantic tsunami of unfunded liabilities in the coming years that we are counting on our children and our grandchildren to pay.  Kotlikoff speaks of a "fiscal gap" which he defines as "the present value difference between projected future spending and revenue".  His calculations have led him to the conclusion that the federal government is facing a fiscal gap of 222 trillion dollars in the years ahead.

Please share this article with as many people as you can.  We are in the process of committing national financial suicide and time is rapidly running out to do anything about it.

Just like Detroit, a day is rapidly approaching when America will not be able to kick the can down the road anymore.

Sadly, our politicians don't seem inclined to do anything about it and most of the population seems to think that our exploding national debt is not a significant problem.

By the time it becomes clear how wrong they were, it will be far too late to do anything about it.

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  • Syrin

    Some other tidbits:

    1) Detroit has been a liberal bastion for decades now, and in the past 15 years has almost been exclusively run by liberal minorities.

    2) A public employee just retired at age 41 with a $96,000 pension. Notice the trend. Cut the police but spare the buy offs at all costs. Liberals cannot win without massive fraud, intimidation (hello IRS audit, Black Panthers, teamsters, etc.) or buying votes.

    3) The brain dead unwashed masses we shall call no information voters DON’T CARE and will keep voting liberal (liberals in both parties) while voluntarily putting the noose around their neck and stepping up to the hanging platform. As long as they have an Obamaphone that will allow them to play Angry Birds, fiscal sanity and personal freedom mean nothing to those being led to the slaughter. If you stand still (hidden away from drive bys of course) in urban Detroit, you can probably hear people mooing or saying “Baaah”.

    • Patriotic American

      Liberal views are detrimental to society. Rather than offering equality and fair treatment with equal reward mechanisms, you find that certain people get opportunities because of socialist groups while the ones deserving of the opportunity are denied.
      Take for example, jobs.
      I know my Canadian friend is a male holding a Masters Business Management degree with 2 years experience in administrative work. He was applying for a $17/hr job as a Supervisor in a medium sized business in Calgary, Alberta. He was told about the vacancy by his friend who works at another branch.He was interviewed and the interviewer ( a 30-40 year old female) told him the job was filled already. He asked his friend for more info and he got was that
      The person who got the job was a female who only had completed 3 years in a Bachelor of Arts degree. She was only working for the summer full time and the hiring manager chose her because of meeting quotas.

      The same liberal mindset is going to affect Canada is a negative way.

      • Gay Veteran

        “Rather than offering equality and fair treatment with equal reward mechanisms”
        you mean like on Wall Street?

    • WarriorClass III

      One of the key factors left out in the discussion of Detroit’s demise is that the city is now 82 percent black; that forty years of uninterrupted black political rule, once bragged about, has doomed the city.

      Doomed.

      With the demise of Detroit under the aegis of black people, so dies the myth of racial equality.

      We now have powerful evidence of what happens when white people give up their ‘turf’ — 2013 Detroit, Atlanta, Memphis, Birmingham, Gary (Indiana), St. Louis, Baltimore, Philadelphia, Newark, and Camden offer a glimpse into a world where the perpetual, unending war of the Civil Rights revolution is waged against whites.

      When formerly white turf is ceded to blacks, the proverbial sod they inherit dies quickly.

      • BonusGift

        You are correct. Most people refuse (mostly in denial and/or excessive brainwashing by the MSM, academia, etc.) to see the connection between demographics and what has happened to Detroit. Simply put when it was 90% + white it was the “Paris of the West”, now at really 90% + black (and other third world types) it is the “Mogadishu of the America”. You genocide and generally chase away the people who founded and built the country by importing and encouraging their replacement, and you will end up with a third world hellhole, case in point, Detroit. Those who present this as just a Republican vs. Democrat kind of ideological issue are in deep denial of the prime driver of Detroit, California and America’s future: effective genocide via replacement of the founding stock population. To wit, if you import third world people and fill your cities with them you become a third world country; and it doesn’t matter if they call themselves ‘Republicans’, “Democrats’, or whatever they will all act and vote for what could be called Marxist policies and candidates that look like themselves and against ‘freedom’ and that so called ‘piece of paper’ we used to hold so dear. Man up and admit the prime driver of this modern day genocide and associated destruction of the country and stop with the whiny “yea, but, but … it’s because Detroit was run by Democrats … blah, blah, blah …” Sure that’s true but the same demographic called themselves Republicans and voted the same way well before that. They are never going to vote for freedom, they will always vote for ‘gibsmedat’ while not funding the gibsmedat (which means someone will need to pay for it; therefore, look in the mirror that someone is you), and same with most Mexicans, etc. (albeit to a lesser extent but the same dynamic is at work). Please grow a pair and take a red pill, and stop with the it’s just some minor philosophical difference and they will soon see.the error of their ways. Just as the sun rises the vast majority of blacks will push for ‘free’ stuff until and beyond bankruptcy, and regardless of political label.

        • WarriorClass III

          Well said!

        • Gay Veteran

          you do understand that most people on welfare, etc. are white?

          • Frank Cartwright

            proportionately there are MANY more BLACKS on welfare than whites,there are just many more whites(at the moment!) plus whites have paid into the system much more.

          • Gay Veteran

            I have a black acquaintance who was unemployed for several months. He was overjoyed when he got another job. But that doesn’t fit into the stereotype.

          • Frank Cartwright

            well obviously not EVERY black is on welfare!!!!!

          • Guy_in_Kingston

            of coarse not……I am sure there are many black people who work hard. However, considering the numbers of Blacks in the US the Welfare rate is 3 times higher per capita then whites. In Cities like Detroit….there are very few jobs……but with a illiteracy rate of 48% a company can not do business there……where would you find employees of almost half the people can’t even read. So many problems, it’s also the murder capital of the US….another reason for not moving. No, one wants to address the real problems……they just cry racism……and collect their check…..while things get worse and worse……Socialism only works until the money runs out. Then what?

          • Guy_in_Kingston

            Per capita…….blacks have a welfare rate 3 times that of whites.

          • Guy_in_Kingston

            Not in Detroit

      • Paul

        two words: South Africa. Zimbabwe makes three, same result just further along.

        • Guy_in_Kingston

          I checked…..there is not ONE country anywhere in the World run by blacks that is not broke.

      • Bad_Mr_Frosty

        We do need to be honest, not hateful, just HONEST about our demographic issues. Vermont is a liberal bastion and nowhere in that entire state will you see the blight and violence that characterizes Detroit. California was paradise until it was flooded with illegal immigrants. Now that 1 state consumes 1/3 of the entire US welfare budget. 3rd world populations do not create 1st world societies, how many more cities/states/nations have to fall before we admit the truth?

        • WarriorClass III

          It’s not hateful to tell the truth; it is essential to correcting the problem.

          • Bad_Mr_Frosty

            I’ve been called a lot of names for telling the truth. Certain facts are officially designated as “hate-speech”.

        • Ralfine

          Actually, how much taxpayers’ money is spent on these following areas:
          Welfare, Interest, Defence

          In which of these areas is it easier to get rich, are more rich and super rich people?

          That would be the area where I’d cut first and most ruthlessly.

        • Frank Cartwright

          white people are too scared to be sued or labeled a racist to tell the obvious truth.

          • lindsay

            That’s exactly why obozo hasn’t been impeached! (isn’t it funny how blacks are STILL trying to claim everyone is racist when obama has gotten away with a million times more than any white president could ever dream of) because no one wants to be called a “racist” and even though he’s done NOTHING for them (or anyone else) they know blacks will start rioting and burning everything down! meanwhile, things just keep getting worse….and worse…and worse.

          • Guy_in_Kingston

            only the Marxist ones…….Politcal corectness is a Marxist thing. Talk to people who are not Marxist…..you will nottice the difference immediatly.

        • Guy_in_Kingston

          Oakland is approaching bankrupty and they just gave City workers a raise……LOL…..Like they can afford it.

      • Gay Veteran

        and I’m sure it was black people who sent millions of American jobs to India, China, Vietnam, etc.

        • Guy_in_Kingston

          NO, it was Unions and BIG Governemnt. Although every major Car company has plants in the US. Mercedes, BMW, Toyota, Honda, Lexus…….they all have giant American plants. They only locate where their welcome and people WANT jobs……mostly in the south. Arizona, South Carolina etc…

          • Gay Veteran

            keep licking that corporate boot

          • Gay Veteran

            gee, wonder why you didn’t mention the massive subsidies and giveaways that were given to those corporations. That’s “capitalism” today

    • Mr. Ditba

      This is happening everywhere. Liberal, conservative…it matters not. Detroit is facing this sooner because the economy was entirely based on manufacturing. Cities like Boston, New Orleans, San Francisco and Des Moines aren’t far behind. When the job market dries up, people move. That is what happened in Detroit, Cleveland, Pittsburgh, etc. It’s coming to a town near you soon. The two party blame game is an over-simplification that is used to divert the sheeple. Republicans and Democrats are one in the same. Neither party believes in LIBERTY or the CONSTITUTION. Prepare while you can. It’s gonna get very ugly alot sooner than you think. God bless us all.

      • Gay Veteran

        Mr.Ditba, that was very well written. unfortunately there still to many people distracted by black/white, liberal/conservative, Democrat/Republican to understand we are kept divided so the plutocrats can continue to pillage this country

        • Hope

          Wow! I can actually say I agree with you.
          The Bible says “Every kingdom divided against itself will be ruined” (Matt. 12:25).
          It’s not about race, it’s about morals. And more and more white people are becoming white trash. We look foolish in the eyes of other countries.

          • Red Sparrow

            No, it is not about morals. At least not in the first place.

            It is all about honest money. The USA Constitution specifically allowed only silver and gold.
            Only after collapse of the fiat monetary system we will be able to begin reformation of the economy.

      • WarriorClass III

        What you say is true in part, but it is both the parasite at the top and the bottom that is eating out our sustenance and destroying our country.

        When democracy turns to tyranny, the armed citizen still gets to vote.

    • otter1111

      You’re right Syrin. I blame liberalism, mostly in the Democratic party, but with some in the Republican party as well.

      • Syrin

        Some? Heck, the modern day republican party is as liberal as the democrat party was 20 years ago. There are only a handful of conservatives left. It’s no co-incidence that the inevitable slide to tyranny continues as liberalism takes a deeper hold as tyranny ALWAYS comes from the left.

        • Gay Veteran

          yes, because conservatism cannot fail it can only be failed
          left, right, left, right, nothing changes

        • otter1111

          I’d say there was more than a handful in the house. In the senate, yes only 8 members got a “100″ rating from the American Conservative Union. There was 38 with a “100″ in the house, with 160 getting 80 or above.

          I do agree that the Republicans have become more liberal over time, as did the Democrats.

    • Gay Veteran

      Black Panthers? really?
      no information voters exist on both sides

  • Dave Webb

    So why wasn’t this part of the campaign for President at the last election? Or was it and the message got handled by incompetent PR people?
    What if the losing party did so on purpose? So that the fall guy would be the winner of the last election?
    And how about the massive spending on Big Brother watching all of us? Someone has to finance it . . .
    Freud once said there are no real accidents or coincidences. That everything happens for a reason even if it looks accidental. I believe him.
    So given the idea that this is deliberate . . . Then perhaps we should be looking for the people putting this scene together.
    Because if it is deliberate then we are all going to be fall guys before long.
    Just like the Germans that woke up one day and their currency would not buy anything we will be doomed to repeat that scene here. If it is delbierate, then we need to do something about it.

  • Patriotic American

    Detroit looks worse than a 3rd world country. Unemployment and offshoring jobs do no good for a country. There isn’t any incentive to work hard anymore these days. College degrees are dumbed down, and people lose their jobs because of offshoring.
    The marxist social groups influence legislation to give jobs to certain people, and the greedy, corrupt and sell outs are the only ones thriving in this country.
    Meanwhile, millions of people are glued to the butts and bressts of reality television.

    Austerity isn’t going to be taken easily.

    • Ralfine

      Actually, Philippines is said to look better now. Hope they can finally tackle corruption and even get divorce approved by the catholic church. The Philippines is the only country in the world without a divorce law.

      There are many new buildings in Manila, and housing prices are going up.

      But there is still the same percentage living in poverty than 20 years ago.

      And to give a perspective: $6,500 per year is already the higher income bracket.

    • Guy_in_Kingston

      It looks like one of the Black Countries.

  • beyond thunderdome

    cording off the city like escape from new york and fly over every once in a while and drop mre’s to the hords of welfare zombies, just watch for the roving technicals and skinnies with rpg’s

  • Mondobeyondo

    Apply those facts about Detroit in 2013 – to the entire United States of America in 2022 – 2025. Your jaws are going to drop when you see the country’s emergency services, infrastructure, finances, social fabric, etc. begin to collapse. Just like Detroit, the country is broke, and getting more broke with each passing minute as the national debt rises.

    People who say, “This is America, it can’t happen here”… it’s already happening. Those who can’t see it happening need to step out of Wonderland for awhile and see the real world for a change. The laws of finance, economics, social stability, etc. apply to the weakest nations and the mightiest nations. Just because we’re the Mighty Glorious U.S.A., Envy of All Other Nations On Earth (sigh…) – does not make us immune from collapse and imminent social upheaval. No way.

    • MichaelfromTheEconomicCollapse

      Hello Mondo!

      Michael

      • Mondobeyondo

        Hi Michael! :) Things are slowly looking up, for the moment at least.

        Finally able to post since I have Google Chrome on my laptop (for some reason I have issues with Disqus when I use Internet Explorer. Does anyone else have that problem?)

        Mondo

        • MichaelfromTheEconomicCollapse

          A lot of people have a lot of problems with Internet Explorer (not just when using Disqus).

          I encourage everyone to switch to a different browser. Google Chrome and Firefox are both free and they both seem to work much better.

          Michael

        • Tim

          Yeah, Internet Explorer is garbage. I don’t know how I got by for so long with it. Google Chrome is soooo much better.

    • Patriotic American

      My 34 year old Canadian friend is already waking up admist the propaganda that Canada is not in a housing bubble nonsense.

      He has 2 years experience in administrative work and 7 years experience in clerical duties, yet he was told in the interview that a 3rd year university student took the Supervisor job he was looking for.

      The Milennials are going to face a harsh road if they are not a “visible minority” supporting the New World Order agenda of emotionless people and wage slave workers.

    • Syrin

      One of the better quotes I read recently stated that economic forecasting was more about trying to read the criminal mind than following sound economic data, the economy is that dominated by gov’t policy. It’s insanity. Many sheep will be slaughtered before most of the herd have any idea that their Messiah is cutting their throats.

  • TtT Engine

    There is absolutely nothing being done about the tsunami of debt being piled up by the U.S. Government. Our government is worsening the problem massively with each passing day. These pirates won’t even stop government growth much less base line cuts. Conservatives are voices in the wilderness of the U.S. Government. The Repubs are playing music with the orchestra on board the Titanic. We are well past the tipping point. They will print, borrow and spend until the “keg runs dry”. You do not get an infinite amount of time to remedy a gargantuan problem. These left wing problems started on 08+15+1969 and have gotten progressively worse. Margaret Thatcher said it best,”The problem with socialism is that eventually you run out of other people’s money [to spend].” or … They [socialists] always run out of other people’s money. Detroit is a frightening foreshadowing that most likely awaits us all. It is going to take divine intervention to remedy this monster. The only hope I see is that I do not see any other countries on planet Earth that are secure, financially stable and can stand independently because of the interlocked international economy. China has problems also. The U.S. has mega self sustaining natural resources. Thanks for your coverage of the grave reality of this financial disaster. Christi Fidelis !

    • Syrin

      Obama is going to spend $100,000,000 on a family vacation to his homeland in Africa, and he has the audacity to tell us it’s a good bargain.

      • Bad_Mr_Frosty

        It’s a great bargain, provided he decides to stay there…

      • Tim

        What’s $100 million when Uncle Ben can just hit Ctrl + P whenever he needs to?

    • Gay Veteran

      “…These left wing problems started on 08+15+1969 and have gotten progressively worse….”
      especially under Saint Regan

      • TtT Engine

        Ronald Reagan was a very good President. He brought pride and respectability back to the U.S.A., especially after a pathetic presidency by Jimmy Carter. Yes, Reagan spent in deficit. At least we had a proud nation to show for it. Even the strength of character of a Ronald Reagan could not defeat the uncontrollable urge that the Socialist machine in Washington had/has for wasting and over spending the taxpayer’s money. These pirates do not even give us the courtesy of saying “the taxpayer’s money”. They all give us the b.s. phrase of “investing” and “the government” and raising revenues. Corrupt the language and corrupt reality. Christi Fidelis !

        • Ralfine

          Would you rather spend taxpayers money on street lighting or SDI?

        • Gay Veteran

          yeah Reagan was good, if you were a Central American death squad being illegally supported by Reagan

  • Mondobeyondo

    Think “Grand Theft Auto: E Pluribus Horriblus”. That’s what I fear the near term future will be like, sadly…could be even worse.

    As for national rage and anger… hmm. Imagine a bunch of punk rockers dancing to music by a band called “Techno Prisoners”. (Sorry, that’s the best I could come up with.)

  • Rodster

    And go figure how China is buying property and businesses in areas of urban plight and decay. When you see what has happened to Detroit and was is coming to the US, that’s when you realize what all that ammo purchase from the DHS was for along with all the NSA surveillance.

    When the S finally HTF that’s when the prep work the US Gov’t has been preparing for the last 10 years or so will be put into action.

    They’re getting ready and so should YOU !

  • Richard

    “If you can believe it, $10,000 from the federal government was actually used to purchase talking urinal cakes up in Michigan.”
    And if I can’t believe it, how much was “actually” used?

  • Steven Duran

    “Over the past year, the number of Americans getting a free cell phone from the federal government has grown by 43 percent. Now more than 16 million Americans are enjoying what has come to be known as an “Obamaphone” Which was put into place by Reagan and is paid for by cell phone subscribers not the feds….my god get your facts checked.

  • Richard

    “If you can believe it, there are 77,000 federal workers that make more than the governors of their own states do.”
    And if I can’t believe it, how many federal workers are involved?

  • Richard

    “If you can believe it, close to 15,000 retired federal employees are currently collecting federal pensions for life worth at least $100,000 annually.”
    And if I can’t believe it, how many retired federal workers are collecting these pensions?

  • Richard

    “If you can believe it, Medicare is facing unfunded liabilities of more than 38 trillion dollars over the next 75 years.”
    And if I can’t believe it, how much is Medicare facing?

  • Richard

    What is the matter with you, Michael? Are you on some kind of drug from time to time that makes you go all soppy and sappy and sentimental on us? LET US THINK FOR OURSELVES. Give us the information and allow us to decide how to feel about it. We’re not all psychpaths, you know. Most of us do know how to think and feel for ourselves. We don’t need our heartstrings to be tugged…

    • Stezie

      Okay then.

  • JailBanksters

    Maybe they should rename Detroit to Poverty, then people can really say they live in Poverty.

  • Ralfine

    “At this point, approximately 40 percent of all the street lights in the city don’t work.”

    Is this some indication of the quality of cars made in Detroit?

  • Ralfine

    “#7 The U.S. government recently spent 27 million dollars on pottery classes in Morocco.”

    Have you seen the receipts?

    Could that have been extra equipment for NSA’s snooping program?

    • Guy_in_Kingston

      If Mr. Obama is going to bankrupt America he has to spend the money on Something….Might as well be some Awsome moroccon pottery…..perhaps he can take some on his $100 000 000 African vacation. Forget the face that he takes a vacation every other month. I hear he’s vacationing in Marthas Vinyard………one vacation after the next.

  • Ralfine

    “#14 The National Institutes of Health recently gave $666,905 to a group of researchers that is studying the benefits of watching reruns on television.”

    For a fraction of this price they could have rented a hotel room in England and watched TV, which is 80% reruns.

    The news are repeated after 30 minutes, the movies after one hour, and the next day, and the next week, and the next month. Most of the stations are like HBO but with additional commercials every 10 minutes.

  • Aussie Jack

    Public debt issued by a sovereign government (one which creates and issues its own currency) is a source of revenue just as much as taxes and profits from state enterprises are a source of revenue. The idea that there is something wrong with instruments of public debt issued by a central government is a myth grounded in the fallacies and lies which make up the outpourings of mainstream (neoclassical) economists, who demonstrably do not understand the market mechanism. Arguably a central government should always aim to run an annual budget deficit, averaging the rate of change of productivity (as measured by GDP). This is absolutely necessary in order to provide the economy with the growth in state fiat money which is required by a growing economy.

    • Frank Cartwright

      BLACK PEOPLE!!!!!! COMING TO A TOWN NEAR YOU!!!!!

      • condaggitt

        I hate to say this but name me 1 city or town that is majority black that is on America’s safest cities list…….just one!

        • Frank Cartwright

          it’s funny you say that,i just googled america’s safest cities,all had majority of whites and all most violent cities had majority black.

  • Ralfine

    “#19 The U.S. government spends more on the military than China, Russia, Japan, India, and the rest of NATO combined. In fact, the United States accounts for 41.0% of all military spending on the planet. China is next with only 8.2%.”

    Well, that is the single reason why your country is in deep p00p. All that money spent on military is consumed. Money spent on consumption cannot be invested and is therefore lost.

    No investment – no return.

    In addition the government is taking out loans to pay for all those guns and ammo, and forces your children and grandchildren to pay for interest and interest’s interest until the end of their days.

    The whole country is held in debt bondage to gun manufacturers and banks.

    • jaxon64

      the “single reason”? “our country is in deep poop”……yeah, right.
      I am in agreement that we over spend on the military however you are so anti-military that you are off the deep end.
      The military directly or indirectly employs more people than any other entity.
      It is not a “consumption only” entity. Millions are invested in research and technology and whether we like to admit it or not, most of our modern conveniences and conveyances had their origins as an effort to use in military.
      Many, many rich people at Haliburton, Lockheed Martin, Martin Marrieta, Teledyne Avionics, Fairchild Industries–and on and on–invest in technologies, research, real estate and community growth and development.
      I sometimes believe that Obama won’t just end Iraq and Afghani wars for the simple fact that unemployment numbers would double almost overnight with hundreds of thousands of reservists, soldiers, civilian forces and contractors– add all of them to the welfare lines, food stamps and the 80 other welfare programs and it would more than exceed the costs of sending them off to die useless deaths protecting the Petro-dollar…
      Like I said, you are in the ballpark, just very short-sighted as most liberal thinkers are……..

      • Gay Veteran

        money wasted on the Pentagon, the military-industrial complex, and wars is money that could have gone to repairing our failing infrastructure and creating jobs that actually improve this country

        • Guy_in_Kingston

          Government can not create jobs…..every Government job requires jobs in the Private sector to pay for it. The only thing that creates jobs is easing regulation, so people can operate and open Businesses………unfortunatly Mr. Obama……has chose to punish Businesses…..oh well, America is on the road to Detroit…..Thank you Bobo.

      • Ralfine

        “The military directly or indirectly employs more people than any other entity.”

        This is all paid for by tax money, just like welfare. The difference to welfare is that handing out welfare is much cheaper and does not create enemies in foreign countries.

        I was in the army and it was mostly a waste of time. Time that could have been better spent on studying and researching, and even digging wells in Africa.

        “Many, many rich people at Haliburton, Lockheed Martin, Martin Marrieta, Teledyne Avionics, Fairchild Industries–and on and on–invest in
        technologies, research, real estate and community growth and
        development.”

        They also invest in the destruction of numerous communities around the world. Because that’s what war is. Wholesale destruction and pollution.

        In the end, this is all tax payers money. And they only invest and donate a fraction of their wealth.
        If you don’t want to give that money as welfare, pay street cleaners and nurses double. How about that? For war there is always money, but if the garbage men want a 5% pay rise, you need to put up with 4 weeks garbage rotting on your porch before someone sees the need of garbage collection, and reluctantly agrees to give them $20 more per month.

        And yes, all those missiles are consumed. They explode, they are gone. Consumed. Each bullet, each gallon jet fuel, every bomb and missile is consumed. And all paid for by tax payers money.

        Sorry, we can’t light your street, we need to kill some suspected terrorists (civilians) in Beluchistan, they stared at us in an unfriendly way.

        Sorry, we need to close your public library, the chairman of Martin Marietta needs a new swimming pool at his House in the Bahamas.

  • Ralfine

    “But don’t worry, all of our politicians insist that this is not socialism.”

    Socialism defines about ownership.

    In socialism, production means are owned by the state.

    If the government spends too much tax payers money it is called corruption, misappropriation, embezzlement.

    A first step to socialism would be to nationalize all defence industry, and have their profit pay for public schools, hospitals, street lighting, street cleaners, etc.

  • seth datta

    Oswald Spengler wrote of Detroit’s ascent and decline by the 70s/80s in his 1918 book, entitled ‘Decline of the West’. If this doesn’t convince you there is an overarching agenda, then nothing will.

  • markthetruth

    Well now you got CHINA who’s riding the gravy train, has finally feeling the foolishness as they thought their real estate boom wooding end either, so they built city after city after city and sold them to investors to make money on but even their economy .couldn’t afford the suburbs people to move to these cities some looked that had jobs but couldn’t afford to live in them. So now china has Tons of Ghost Towns/Cities with no people and investors on the hook. So now they are going to force suburb people (250millon almost the size of US) to move to where they can’t hoping they will defy Logic and create growth or not and end up with slums ! I see slums. !
    That like us moving all people on welfare, food stamps and unemployment to New York City and hope for a better outcome. They could not afford the cost of living and a city with no Jobs and will only create and already high Homeless rate to skyrocket and more slums.
    Brazil is already done this and is in a big mess.

    Like Micheal said everyone is Desperate and trying to Defy Logic and it ain’t going to happen !!!

    “There isn’t a infinite amount of wealth in the world”

    the end…

    • Ralfine

      someinterpunction toseparateyourthoughtsmightbenice

  • Stezie

    As someone who has actually been to Detroit, I can tell you this much: aside from the city core which consists of several modern highrises and is relatively clean and safe, the rest of the city is a dump. The funniest thing I heard about Detroit is this: the director for “The Walking Dead” is planning to shoot the next season in Detroit; how appropriate considering that’s exactly what the city looks like; the aftermath of a zombie apocalypse.

    • Bad_Mr_Frosty

      Is this season going to be a reality show? Just throw a bunch of armed people into Detroit and see who survives.

      • Stezie

        Yeah, I guess they can get some Detroiters to act as extras for the zombies; most of them already fit that role quite well.

        • jaxon64

          just teach those lying down in doorways and sitting on the stoops to reach out with palms down instead of palm up and they would fit the zombie role just fine…

  • K

    Detroit articles always bring out the most interesting people. Ethnic groups do not cause cities to fail. Political leaning do not cause cities to fail. Math causes cities to fail. Any city who has a large enough group of poor people, will eventually fail. Cities are expensive to maintain, minimum wage jobs can not support them. Yes I know the next argument, liberal policies drove the jobs out. No they didn’t. There is no more liberal city in this Country than Seattle. The rich elite need Seattle, so it thrives. They locate their companies there, they pay the wages needed to support the tax base, thus a thriving city. They did not need Detroit, so they pulled their companies and collapsed the tax base. The simple fact is, if the rich elite need a city, it will stay afloat no matter who lives there, or their political leaning. If they do not need your city, it is already on a path to collapse.

    • Ken

      That is the problem. The rich don’t care about white people that much as well. Its not entirely about race, but it IS entirely about GREED.

    • Rick Caird

      Two exceptionally silly comments from K and Ken. When a city and state tries to extract more from its citizens and businesses than they are willing to pay, then that city and state will lose the people they depend on and increase the number of people who depend on the state and city. That is what insures the demise of the city. The greed is the greed of the politicians and the dependents, not the contributors.

      • K

        Expected your type of response. Notice you did not address the topic of my post Seattle..A city both very liberal and high tax.

        • Syrin

          Except your entire premise is wrong. Look at other liberal bastions that mimic Detroit’s policies. Memphis, Chicago, NY, CT as a state in general, etc. Look at states with republican governors versus those with democratic ones. The trend is true across the board. You’re just too dumb to see the obvious

          • K

            But once again you can not explain Seattle.I cited Seattle and all I see is immature name calling. How sad, far right or left, you have no answers. All you can do is bluster when someone cites an example, that does not fit into your silly politics. This is why the elites find you so amusing. You will fight each other to the death, and never notice who is pulling the strings.

          • Rick Caird

            I did explain Seattle. The same explanation also explains California and why there is so much outbound migration.

          • Guy_in_Kingston

            There are several Cities in California like Oakland, that are on the edge of Bankrupty…and sinking quickly.

          • Gay Veteran

            hmmmm, and yet poverty is the worst in the blue states

        • Rick Caird

          K,

          I did address Seattle.

          I said ” When a city and state tries to extract more from its citizens and businesses than they are willing to pay…”

          As of now, Seattle is willing to pay. When they try to extract more, they will lose population and start the spiral down.

          • K

            No they will not spiral anywhere. As long as the elite need Seattle they will pay whatever they have to, to keep it going. N.Y. still stands because wall st. is there. Move microsoft and boeing to Detroit it will recover in less than a decade.

          • Guy_in_Kingston

            NO IT WON’T. The news reported that Detroit as a 48% illiteracy rate…….Boeing, and Microsoft would have to kick the residents out and bring their staff with them to save Detroit. I am sure those people would not want to move to America’s murder Capital…..but houses are cheap….real fix’er up’ers.

      • Ken

        Blame whoever you wish to blame, but greed is the culprit, and no one in America is exempt from it. To see the problem, one must look in the mirror.

        • Frank Cartwright

          BLAME WELFARE!

        • Rick Caird

          You will have to define “greed”. It seems to be a word the left uses as a catch all that means whatever it wants it to mean.

    • Guy_in_Kingston

      The largest part of the Debt……is the Pension what the City sould NEVER afford. You can’t promise things you can’t afford………the only people to blame are the the Unions greed…..and the Politicians for not saying now. Politicians pandering to Unions are causing City all over America to collapse….there are a dozen other Cities on the news who are going down the same path within a year or so.

  • Craig

    that pic of detroit been that way for over 20 years its 1 city block idk why they havent bought them down and cleared that site yet as they have other areas and rebuilt and is not a good example of recent events lol

  • Joe Palladino

    You can thank the great welfare society and its’s over breeding of degenerates for this, or just thank your local democrat.

    • lineman

      Thank your local crook more like it both parties are being run by evil….

  • Swampadash

    Bread and circuses, as long as there are food stamps and t.v. nothing will change very much. But when that runs out, when people need something to fill there empty bellies and empty heads, that is when the shtf.

    • Syrin

      Obamaphones capable of playing Angry Birds. The sheeple are being led to the slaughter house by their black Messiah, and they are too busy chewing their cud to notice.

    • Hope

      That’s why homeless people have mobiles. (I don’t even have one, and I have a good job!)Can’t live with out them, but they can live without food. Go figure!

  • bruce

    It seems most here believe the hard times are coming. I ask why any of you are living in cities? Why haven’t you moved your butt out to rural or small time america? There are jobs and houses out there. Yes you won’t have all the glitter and niceties and your current standard of living may decrease but if it does hit the fan, like you beleive you will be way better off. Rationalize all you want, my job, my kids are in school, the spouses freinds, but think about it. Why haven’t you left the city behind?

  • Seanstealaway Eric Spearman

    THINGS ALWAYS GET WORST BEFORE GETTING BETTER. MANY THINGS ARE HAPPENING POSITIVE WHICH AREN’T VOICE ON THE LOCAL NEWS. I’M EXCITED AS A DETROITER AND ASSISTANT PASTOR IN THE 48204 AREA CODE. DETROIT IS COMNG BACK IN A GREAT WAY. SORRY YOU WOULD HAVE TO LIVE HERE TO KNOW AND NOT JUST READING STATS….WAKE UP!!! I APPROVE THIS “REVIVAL” MESSAGE IN JESUS NAME…

  • condaggitt

    Kids are Illiterate and yet those lefties refuse to start a WAR on EBONICS……whats the matter with them, dont they want black people to be educated?

  • Gene Baugh BBA

    This is an example of how wealth vanishes in a deflationary collapse. One day a Detroit municipal bond is an asset on an investors balance sheet the next day it is gone.
    Looks like Detroit will be the next to head the list of the largest municipal bankruptcies on record.

  • MAL3313

    It’s true that many jobs were shipped out of the country but it’s even more the case that many simply no longer exist. The days of walking into a factory with an 8th grade education and getting the equivalent of say a $20/hr job with a defined benefit pension and paid medical insurance for your entire family are over because the industrial revolution is over. It ended 30 years ago. Walk into a factory that 35 years ago would have needed 2000 workers on a shift and you might see 350 today. Robots are welding, assembling, painting, etc. Robot fork lifts supply parts to the line. A computer program can do an entire payroll in seconds. A newspaper press that 35 years ago might have needed 25 skilled pressmen to operate then might need only 3 today. Sixty years ago an airliner flew with a pilot, co pilot, flight engineer and navigator. Today only a pilot and co pilot sit in the cockpit monitoring all the automated systems. The American working class is fond of saying , with considerable justification that they built this country and made the world safe for democracy. At the outset of WWII attacking the enemy took 1000 heavy bombers and 10000 highly trained crewman. By the end of that war it was 1 plane, 1 bomb. A few years later and you didn’t even need the plane anymore. Robots are increasingly even fighting our wars. The stark poverty in Detroit is a symptom not only of unemployment but unemployability. There is little chance of finding even a minimum wage job when the rate of functional illiteracy is near or better than 50%.

  • John Christopher sunol

    I think the crash is coming to a lot of areas and other cicties in the world, Detroit is only one of the many

    • Guy_in_Kingston

      Yes, the news is reporting there are about 20 other Cities right behind Detroit. This is what Liberalism brings…….you can’t live on handouts forever. My favourite is Oakland…..on the list…….and yesterday they gave City workers a raise……LOL LOL Socialism only works until you run out of other people money.

  • Donald Wilson

    Michael it’s already to late
    to repair the damage.

    The end.

  • evianalmighty

    Detroit was destroyed by racist blacks. This is what is happening around the nation.

  • Gay Veteran

    “…As usual we have a cultural Marxist troll spouting out statistics that are both wrong and misinterpreted (i.e., that they do not understand)….”
    wow, you don’t even know me and yet you call me a Marxist troll?
    btw, you provided no PROOF that my comment was not correct
    very simple solution to the welfare problem: JOBS
    But then the corporate CEOs (who are mainly white) have shipped those jobs overseas

  • Gay Veteran

    btw, if I wanted to stoop to your level I would call you a racist troll

  • delm31_nabla@yahoo.com

    We’re po’. Time for the “peasants” to revolt.

  • Tiffles

    Not all of us are blind or ignorant of what is happening. We know that those who are in power are there only because of money, corruption and dead man’s votes and not by the will of the people. What we’re seeing here is a corrupt elite intentionally looting our Country because they know that they can’t keep the charade going much longer. There is only going to be one safe place in all the world soon and it will be in Christ Jesus.

    Look at the escalating pace of world disasters. Witness the increasing lawlessness and rebellion throughout the world. It is time to accept Jesus as your Savior because he warned in Mark, chapter 13 “”Even so, when you see these things happening, you know that it is near, right at the door.” What Jesus was talking about was his return and the end of this World.

    • Dubstep Reggae

      Well, I always had this dream that the Tribulation will occur in my very life… We’re living harsh times (like the movie)… And if USA have so much problems and corruption, I then wonder what can I say about my eastern europe country more… The whole world is going down, and the death of the beast would be astonishing !!! Somehow, as someone wise said before, since the Sumerian and Akkadian Empired, the moral crisis always announce the fall of the empire… We’re done. We can’t be saved. We must face all our mistakes. All the apocaliptic games and movies are becoming more and more true… We will return to family farming and we will kill for a piece of land and a drop of clean water… I’m glad I have 2 houses in the countryside, so I have a hope for survival !!!

  • Arnor

    I just wanted to point out that when Obama took office in January 2009 the effects of the October 2008 recession were hitting with full force. Bush signed into effect some of the bailouts before he left office and Obama signed some after he took over. The recession “happened” on Bush watch and while I’m not blaming Bush, I don’t think it’s fair either to blame Obama. So the fact that food stamps have increased under Obama are rooted in the fact that millions of people lost their jobs in the recession and employment rates have not gone down enough. It hit 10% on national level in 2009 or early 2010 and was 7.6% in June 2013, according to the Bureau of Labor Statistics.

  • Guy_in_Kingston

    This is the Mess Liberals leave where ever they go. This is what Liberalism will get you. Yet people always wait until it’s too late……then they start crying. Sometimes you get what you vote for.

  • John Christopher sunol

    I also think this is going world wide, not only the USA

  • EverNewEcoN

    Michigan’s emergency managers are essentially
    the equivalent of Gordon Gekko’s man at
    Blue Star Airlines.

    Simpson-Bowles is the cost brake for socializing
    cost, privatizing profit.
    It’s the path to privatization, which delivers
    fixed profits.

    How Privatization
    Increases Prices
    (Listen Past Precisely How
    It Is People Get The Wrong
    Impression That Government,
    In Contracting The Privatizer,
    Is The Culprit–

    http://www.youtube.com/watch?v=UEsCE4CZOXg&t=14m0s

    Pre-Set To 14m0s)

    So That’s The Remarkable
    Unmovable Value Chain
    Profit Box.

    Not meaning to imply Shiller aimed for ill-
    purpose, here’s how the Case Shiller Index,
    nonetheless, is precisely what you want to
    front when presenting a false impression of
    recovery when the mortgage bubble reflating
    desired by the TBTF banks and Fed actually
    isn’t real and in fact requires illusion.

    http://pages.citebite.com/m1n7m9a1r7xhj

    http://pages.citebite.com/b1y9o2q7r9mya

    http://www.zerohedge.com/news/2013-07-30/funniest-chart-todays-case-shiller-home-price-update

    The Funniest Chart From Today’s Case-Shiller Update

    Privatize the profits, socialize the cost.
    Cost brake with Simpson Bowles.
    Use the adversity as a profit center.
    Ultimately offer privatization, with profit boxes fixed, as the solution.

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